11,792 Shares of Tutor Perini Corporation $TPC Bought by Yousif Capital Management LLC

Yousif Capital Management LLC acquired a new position in shares of Tutor Perini Corporation (NYSE:TPC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,792 shares of the construction company’s stock, valued at approximately $973,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPC. Vest Financial LLC boosted its position in Tutor Perini by 46.6% during the 3rd quarter. Vest Financial LLC now owns 75,888 shares of the construction company’s stock worth $6,262,000 after acquiring an additional 24,122 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Tutor Perini by 3.7% in the third quarter. Pinnacle Associates Ltd. now owns 197,390 shares of the construction company’s stock valued at $16,289,000 after purchasing an additional 6,967 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Tutor Perini by 17.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,782 shares of the construction company’s stock worth $147,000 after purchasing an additional 263 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Tutor Perini in the third quarter worth $717,000. Finally, V Square Quantitative Management LLC acquired a new position in Tutor Perini during the third quarter worth $316,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TPC shares. Zacks Research lowered shares of Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings downgraded Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. UBS Group boosted their price target on Tutor Perini from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Tutor Perini Stock Performance

Shares of TPC opened at $79.55 on Monday. The company has a market cap of $4.19 billion, a PE ratio of 34.29 and a beta of 2.06. The firm has a 50-day moving average of $84.46 and a 200-day moving average of $81.33. Tutor Perini Corporation has a one year low of $57.90 and a one year high of $102.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm earned $0.38 EPS. Tutor Perini’s quarterly revenue was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, equities analysts forecast that Tutor Perini Corporation will post 5.39 earnings per share for the current year.

Tutor Perini Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Tutor Perini’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. Tutor Perini’s payout ratio is 15.52%.

Insider Activity

In other Tutor Perini news, Director Sidney J. Feltenstein sold 184,209 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $97.05, for a total value of $17,877,483.45. Following the transaction, the director directly owned 6,700 shares of the company’s stock, valued at $650,235. This represents a 96.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ronald N. Tutor sold 2,310,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $85.59, for a total value of $197,712,900.00. Following the completion of the sale, the chairman owned 701,477 shares of the company’s stock, valued at $60,039,416.43. This trade represents a 76.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,507,609 shares of company stock valued at $216,823,719 over the last three months. Insiders own 15.40% of the company’s stock.

Tutor Perini Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.